AML / KYC

Enforcement

Korea Reports Voice Phishing Decline, Pivots to Fight New Digital Scams

By Nithya Subramanian | 27/02/2026

For four consecutive months, financial losses have dropped, but authorities are now targeting fraud on social media and messaging apps.

AML / KYC

Korea Proposes 'Unlimited' Rewards for Reporting Stock Manipulation, Accounting Fraud

By Nithya Subramanian | 27/02/2026

The new rules remove reward caps and link payments of up to 30% of collected fines and penalties to incentivise insider reporting.

AML / KYC

Australian Advice Bodies Seek Additional Guidance on New AML/CTF Rules

By Sanday Chongo Kabange | 27/02/2026

The FAAA and SMSF Association have told AUSTRAC that unclear definitions for reporting groups and inequitable due diligence arrangements risk undermining upcoming AML reforms.

Enforcement

Indian Authorities Arrest Four Involved in IDFC First Bank Fraud

By Nithya Subramanian | 26/02/2026

Former bank employees allegedly colluded with external parties to siphon funds through a complex scheme, prompting arrests and raising questions about IDFC First Bank's internal controls.

Fintech / Regtech

Asia Pacific and the Shape of Fraud to Come

By Bradley Maclean | 26/02/2026

As scams become an industrial operation in Asia-Pacific, the region offers a glimpse into the future of global digital fraud.

AML / KYC

KoFIU Unveils Plan to Reform AML Training for Financial Firms

By Sanday Chongo Kabange | 25/02/2026

KoFIU said it will shift focus from training hours to practical skills, introducing new certification systems and sector-specific courses.

Sanctions

Binance Facing US Probe After Reports of Iran-Linked Transactions

By Manesh Samtani | 25/02/2026

Binance is fighting "defamatory" media reports while facing a new US Senate inquiry into its compliance and alleged ties to sanctioned entities.

Sanctions

NZ, UK, Canada Target Russian 'Shadow Fleet' with New Sanctions

By Manesh Samtani | 25/02/2026

Coordinated measures target oil revenues and financial networks, with New Zealand designating 100 vessels and the UK sanctioning a New Zealand-based insurer.

Fintech / Regtech

FATF Sounds Alarm on 'Widespread and Damaging' Cyber-Enabled Fraud

By Manesh Samtani | 25/02/2026

New report highlights the escalating money laundering risks from digital fraud, citing a surge in cases in jurisdictions like Singapore.